29 place 3

479 How Coinbase Is Poised For a Win From Ether ETFs

The Information
Yueqi Yang @ The Information · 05/23/2024 09:26 EDT

Crypto exchange Coinbase is poised for a big boost as the U.S. suddenly looks more likely to approve exchange-traded funds holding ether, giving investors a way to trade the second most popular cryptocurrency as easily as a stock.

At least six out of the nine investment firms that plan to issue ether ETFs have picked Coinbase as a custodian, meaning the crypto company will safeguard ether for giants including BlackRock, Invesco and Franklin Templeton. Judging by the success of bitcoin ETFs, which launched.

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